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- State Farm BankĘ Full Service Financial
Overview
Investment Objective
Seeks capital appreciation.
Investment Strategy
The OppenheimerFunds Growth invests all of its assets in equity investments. This portfolio has a target allocation of 100% of equity investments.
Risk Measure 
| International Stocks |
| Moderate Risk |
Types of risk:
Investing in Stock RiskThe value of the Fund's portfolio may be affected by changes in the stock markets.
If a growth company's earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply.
Value investing entails the risk that if the market does not recognize that the securities selected by the Fund are undervalued, the prices of those securities might not appreciate as anticipated.
Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations or financial condition.
Small- and mid-sized companies may be either established or newer companies, including companies that have been in operations for less than three years. While smaller companies offer greater opportunities for gain, they also involve greater risk of loss.
Portfolio Performance
Average annual total returns as of:
Period to View:
| PERFORMANCE (%) |
EXPENSE RATIO |
|||||||
|---|---|---|---|---|---|---|---|---|
| Portfolios | YTD | 1YR | 3YR | 5YR | Since Inception 1 |
Gross | ||
|
Class A
Net Asset Value (NAV) |
9.94 | 14.24 | 9.56 | N/A | 13.28 | 1.22 | ||
|
Class A
Maximum Sales Charge (MSC) |
3.90 | 7.96 | 7.52 | N/A | 11.87 | |||
|
Class B
Net Asset Value (NAV) |
9.79 | 13.45 | 8.75 | N/A | 12.45 | 1.97 | ||
|
Class B
Maximum Sales Charge (MSC) |
4.79 | 8.45 | 7.90 | N/A | 12.15 | |||
|
Benchmark
Custom Blend Benchmark |
11.08 | 16.31 | 11.11 | N/A | 15.19 | |||
|
Class A
Net Asset Value (NAV) |
8.69 | 11.82 | 9.31 | N/A | 13.25 | 1.22 | ||
|
Class A
Maximum Sales Charge (MSC) |
2.71 | 5.67 | 7.27 | N/A | 11.81 | |||
|
Class B
Net Asset Value (NAV) |
8.58 | 10.93 | 8.47 | N/A | 12.40 | 1.97 | ||
|
Class B
Maximum Sales Charge (MSC) |
3.58 | 5.93 | 7.62 | N/A | 12.10 | |||
|
Benchmark
Custom Blend Benchmark |
9.48 | 13.84 | 11.25 | N/A | 14.74 | |||
LOADING
DATA...
| Add a Class to compare: | A | B |
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*State Farm now only offers Class A shares for investments in the State Farm College Savings Plan; however, if you own Class B shares, you can still view expense and performance data on sf.com.
Investment return and principal value will fluctuate and your investment, when redeemed, may be worth more or less than its original cost. Past performance is no guarantee of future results. Recent performance may be less than the figures shown.
The maximum sales charge is 5.50% for Class A shares for The State Farm College Savings Plan Model Portfolios. Performance for Class B shares will differ from Class A shares due to differences in sales charge structure and class expenses. B share returns include reinvestment of distributions, changes in net asset value and the effect of the contingent deferred sales charge (CDSC) which declines from 5.00% in the first year to 0% at the beginning of the seventh year. NAV Total Return does not reflect the deduction of the sales charge.
The plan may charge administrative service fees and assess sales charges. These are in addition to the investment management fees and other expenses associated with the underlying investments.
Beginning on February 27, 2012, Class B Units are no longer being offered by the Plan. Any Contributions for Class B Units received by the Program Manager on and after this date will automatically be directed to Class A Units.
Total Annual Operating Expense information as of February 16, 2012.
Benchmark returns for the period Since Inception began on November 3, 2008 for all Portfolios. Returns shown for Portfolios with less than a full year of operations are cumulative, not annualized returns.
1 The inception date is November 3, 2008.
Portfolio Composition as of: 3/28/2013
Asset Allocation Mix
27.50% Oppenheimer Capital Appreciation Fund
27.50% Oppenheimer Value Fund
20.00% Oppenheimer International Growth Fund
20.00% Oppenheimer Main Street Small-&Mid-Cap Fund®
5.00% Oppenheimer Developing Markets Fund
Portfolio Fees, Expenses, and Charges
Below you will find the fees associated with this portfolio, as well as Total Annual Expenses and Initial Sales Charges.
| Class A | ||
|---|---|---|
| Minimum Initial Contribution (if not using an Automatic Investment Plan) |
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| Minimum Initial Contribution (if using an Automatic Investment Plan) |
||
| Minimum Additional Contribution Per Portfolio |
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| Maximum Initial Sales Charge |
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| Maximum Contingent Deferred Sales Charge |
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| Capital Gains and Dividend Distribution |
||
| Gross Expense Ratio |
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*State Farm now only offers Class A shares for investments in the State Farm College Savings Plan; however, if you own Class B shares, you can still view expense and performance data on sf.com.
Portfolio Management
Our goal is to provide simple, affordable, and convenient plans to help families set aside funds for future college costs.
State Farm College Savings Plan customers can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective.
Our Investment Advisors
We use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in our internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have other highly respected asset management organizations working for you.
OppenheimerFunds, Inc. (OFI)
OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation’s largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence — over the long term and across the range of our products — is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, qualified retirement plans and subadvisory investment—management services.
The foundation of their investment approach, OFI follows these principles of investing:
- Investment Excellence: Insist on excellent, long-term performance
- Consistency: Over time, those who have the discipline and perseverance to stick to their objectives are rewarded
- Teamwork: Strong and collaborative partnerships are the foundation of enduring success
- Balance: Investment strength comes from having a diversified and flexible approach
- Expertise: Working with a professional puts skill, experience and talent on your side
- Integrity: A principled approach and straight-forward, open communication prevail through all circumstances
Quick Facts
- Oppenheimer Funds, Inc. is one of the nation's largest and most respected asset management companies.
- OFI Private Investments offers a diverse range of tailored investment products and services, including separately managed accounts as well as program and investment management services to 529 college savings and prepaid plans.
Other Funds Managed
Fund Data
| Share Class |
Assets Under Management as of 04/30/2013 |
|||
|---|---|---|---|---|
| Class A | $36,642,389 | |||
*Class B Shares no longer offered by the plan.
Risk Disclosures
Before investing, consider the investment objectives, risks, fees and expenses associated with The State Farm College Savings Plan before investing. Contact State Farm VP Management Corp (1-800-447-4930) for an Enrollment Handbook and Participation Agreement containing this and other information. Read it carefully.
An investor should consider, before investing, whether the investor’s or designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.
Investing involves risk, including potential for loss.
Asset Allocation and diversification do not assure a profit or protect against loss.
Enrollment Based Portfolios are similar to target date funds in that their investment objectives are adjusted over time to be more conservative as their target date (date the investor plans to start withdrawing funds) approaches. The principal value of the fund(s) is not guaranteed at any time, including at the target date.
The stocks of small companies are more volatile than the stocks of larger, more established companies.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.
Neither State Farm nor its agents provide investment, tax, or legal advice.
Additional DisclosuresState Farm College Savings Plan (529)
Earnings must be used to pay for qualified higher education expenses to be federally tax free. The earnings portion of a non qualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10% penalty. State Farm does not provide tax advice. Please consult your tax advisor for specific information about your tax situation, including any state tax consequences of an investment. The availability of such tax or other benefits may be conditioned on meeting certain requirements.
A $70,000 gift is viewed as an accelerated gift over five years. Any other gifts to the same beneficiary by the contributor in that tax year or in any of the succeeding four years may result in a federal gift-tax liability. If the contributor dies within the five-year period, a prorated portion of the contribution may be included in his or her taxable estate.
Contributions can be made until the value or total amount of contributions across all Nebraska program accounts for the beneficiary reaches $360,000. Accounts in excess of this limit can continue to grow through investment earnings realized by the plan, but no additional contributions can be accepted above that limit. This limit is set by the Nebraska State Treasurer and is subject to change.
The plan is intended to operate as a qualified tuition program, pursuant to section 529 of the U.S. Internal Revenue Code.
Participation in the plan does not guarantee that contributions and the investment earnings, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell shares within the plan may only be made by the Enrollment Handbook and Participation Agreement relating to the plan.
Neither the State of Nebraska, the Trust, the Nebraska State Treasurer, the Nebraska Investment Council, First National Bank of Omaha, Oppenheimer nor State Farm, nor any of their respective affiliates, directors, officers or agents shall have any debt or obligation to any contributor, any beneficiary or any other person as a result of the establishment of the plan, nor will these entities assume any risk or liability for mutual funds in which the plan invests.
The State Farm College Savings Plan is subject to enrollment, maintenance, administrative and management fees and expenses.
Investors in the plan do not hold shares of the underlying funds directly, but rather shares in a portfolio of the plan.
The State Farm College Savings Plan (the “plan”) is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The plan is established in cooperation with State Farm VP Management Corp. (“State Farm”), the State of Nebraska, and OFI Private Investments Inc. (OFIPI), a subsidiary of OppenheimerFunds, Inc, pursuant to which State Farm offers classes of shares in a series of accounts within the Nebraska Educational Savings Plan Trust (the “Trust” and plan issuer) that are distributed by OppenheimerFunds Distributor, Inc. (OFDI and together with OFIPI, “Oppenheimer”). The Trust offers other accounts that are not affiliated with the plan.
The Nebraska State Treasurer serves as trustee of the plan; OFIPI serves as the investment manager, with the oversight of the Nebraska Investment Council; and servicing agent: OFDI serves as the distributor: First National Bank of Omaha serves as the program manager.
The State Farm College Savings Plan is not insured or guaranteed by State Farm, Oppenheimer, First National Bank of Omaha, the Trust, the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council, any of their respective affiliates, directors, officers or agents or any other entity.
Customized Portfolio Performance Benchmarks
The benchmarks for the Portfolios represent customized composites of market indices for the available Underlying Investments weighted by the relative target asset allocation for such portfolio.
Oppenheimer Capital Appreciation Fund Benchmark: The Russell 1000® Growth Index
The Russell 1000® Growth Index is a market-capitalization weighted index of those firms in the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values.
Oppenheimer Value Fund Benchmark: The Russell 1000® Value Index
The Russell 1000® Value Index is a market-capitalization weighted index of those firms in the Russell 1000 Index with lower price-to-book ratios and lower forecasted growth values.
Oppenheimer Main Street Small- & Mid-Cap Fund® Benchmark: The Russell 2500® Index
The Russell 2500® Index tracks the common stock performance of the 2,500 smallest U.S. companies in the Russell 3000® Index, which represents approximately 17% of the total capitalization of the Russell 3000 Index.
Oppenheimer International Growth Fund: MSCI EAFE Index
The Morgan Stanley Capital International Europe, Australasia and Far East (EAFE®) Index currently measures the performance of stock markets of Europe, Australia, New Zealand, and the Far East and takes into account local market restrictions on share ownership by foreigners.
State Farm Bond Fund and Oppenheimer Global Strategic Income Fund Benchmark: The Barclays US Aggregate Bond Index
The Barclays US Aggregate Bond Index is a benchmark index composed of US securities in Treasury, Government-Related, Corporate, and Securitized sectors. It includes securities that are of investment-grade quality or better, have at least one year to maturity, and have an outstanding par value of at least $250 million.
Federated US Government Securities Fund 1-3 yrs Benchmark: The Merrill Lynch U.S. Treasuries 1-3 Year Index:
The Merrill Lynch 1-3 Year US Treasury & Agency Index is a subset of The Bank of America Merrill Lynch US Treasury & Agency Index, an unmanaged fixed income index that includes U.S.Treasury fixed income securities (direct sovereign debt of the U.S. Government) in the maturity range equal to one year and less than three years.
Oppenheimer Institutional Money Market Fund Benchmark: iMoney Net First Tier Institutional Index:
The iMoneyNet First Tier Institutional Index (Also known as the MFR First Tier Institutional Index) is a subset of the Money Fund Reports (MFR) All-Taxable universe consisting of funds managed to a “first-tier” standard and which are offered to institutions only. Portfolio Holdings of first-tier funds include U.S. Treasury, U.S. Other, Repos, Time Deposits, Domestic Bank Obligations, Foreign Bank Obligations, First Tier CP, Floating Rate Notes, and AssetBacked Commercial Paper. The Money Fund Report AveragesTM are published by iMoneyNet, Inc. (formerly IBC Financial Data), and reflect yields net of fees and expenses.
Oppenheimer Developing Markets Fund: MSCI Emerging Markets Index:
The MSCI Emerging Markets Index is a capitalization-weighted index of stocks from 26 emerging markets that only includes issues that may be traded by foreign investors.
Investors cannot directly invest either in individual benchmark indices or combinations thereof.
AP2013/04/9950
Not FDIC Insured |
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